Dollar overcomes payroll weakness to return from low

Goldman Sachs says the dollar slump is over.

The greenback has rallied almost 1% from the one-year low of last week, extending gains even after April payrolls data showed the weakest job growth in seven months.

Goldman Sachs says the post-payrolls rally shows that market expectations for growth and Federal Reserve interest-rate increases have fallen too far, too fast, positioning the currency for a rebound.